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DealStreetAsia

Cambodia delivery startup Meal Temple merges with fintech

To be based in Singapore, new super app KiwiGO can operate in over 20 nations

A new super app called KiwiGO is to be located in Singapore and aggregate curated content, e-commerce, logistics, and financial services.   © Reuters

HANOI -- Hong Kong-based fintech firm Kiwi Pay Group and Cambodia's food and grocery delivery startup Meal Temple Group have announced a strategic merger to tap frontier markets with a new super app called KiwiGO.

KiwiGO, to be headquartered in Singapore, will aggregate curated content, e-commerce, logistics and financial services.

"KiwiPay and Meal Temple had very similar DNA, combined, we play with better control of the value chain, new roads to market, and optimized defensibilities," said Meal Temple Group CEO Maxime Rosburger.

KiwiGO already has agreements and licenses with central banks and financial institutions in more than 20 countries in Africa and Asia.

In 2019, Meal Temple Group acquired Laos-based MyDelivery, a unit of fintech firm Kiwi Group.

For the original story from DealStreetAsia, click here.

DealStreetAsia a is a financial news site based in Singapore that focuses on private equity, venture capital and corporate investment activity in Asia, especially Southeast Asia, India and greater China. Nikkei owns a majority stake in the company.

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